**Exhibit 10.44**

 

**Kaiser Group Holdings, Inc.**

**2006 Annual Compensation**

 
| **Name:**                       |   | Douglas W. McMinn                                                                                                                                                                                                                                                                                                                                            |
|---------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Title:**                      |   | President and Chief  Executive Officer                                                                                                                                                                                                                                                                                                                       |
| **Base  Salary:**               |   | $235,000, effective  September 9, 2005.                                                                                                                                                                                                                                                                                                                 |
| **Discretionary  Bonus:**       |   | To be determined by the  Compensation Committee. 2005 bonus compensation was $225,000 (100% of 2005  base salary).                                                                                                                                                                                                                                           |
| **Equity-Based  Compensation:** |   | Grant of 2,000 shares of  Common Stock under the Kaiser Group Holdings, Inc. 2002 Equity Compensation  Plan, as amended.                                                                                                                                                                                                                                     |
| **Severance  Arrangement:**     |   | If the Company terminates  Mr. McMinn’s employment, other than for cause, Mr. McMinn will be entitled to  severance equal to nine months’ salary. For each additional six months of  service after March 9, 2006, such severance amount will be increased by one  month’s salary, up to a maximum severance amount of one year’s salary. |

 

 
| **Name:**                      |     | Nicholas  Burakow                                                                                                                                                                                                                                                                                                                                               |
|--------------------------------|----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Title:**                     | * * | *Current*: Senior Vice President, Secretary and Treasurer. *Effective April 1, 2006*: Executive Vice  President and Chief Financial Officer, Secretary and Treasurer.                                                                                                                                                                                           |
| **Base Salary:**               |     | $180,000,  effective September 9, 2005.                                                                                                                                                                                                                                                                                                                    |
| **Discretionary Bonus:**       |     | To  be determined by the Compensation Committee. 2005 bonus compensation was  $172,000 (100% of 2005 base salary).                                                                                                                                                                                                                                              |
| **Equity-Based Compensation:** |     | N/A                                                                                                                                                                                                                                                                                                                                                             |
| **Severance Arrangement:**     |     | If  the Company terminates Dr. Burakow’s employment, other than for cause, Dr.  Burakow will be entitled to severance equal to nine months’ salary. For each  additional six months of service after March 9, 2006, such severance amount  will be increased by one month’s salary, up to a maximum severance amount of  one year’s salary. |

 

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